NiSource Inc. (NYSE: NI) is -4.71% lower on its value in year-to-date trading and has touched a low of $19.56 and a high of $30.46 in the current 52-week trading range. The NI stock was last observed hovering at around $21.86 in the last trading session, with the day’s gains setting it 0.91% off its average median price target of $26.00 for the next 12 months. It is also 21.48% off the consensus price target high of $29.00 offered by 13 analysts, but current levels are 5.13% higher than the price target low of $24.00 for the same period.
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Currently trading at $22.77, the stock is 2.32% and -2.24% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.49 million and changing 4.16% at the moment leaves the stock -3.14% off its SMA200. NI registered -23.81% loss for a year compared to 6-month loss of -8.34%. The firm has a 50-day simple moving average (SMA 50) of $22.81 and a 200-day simple moving average (SMA200) of $23.22.
The stock witnessed a -3.49% gain in the last 1 month and extending the period to 3 months gives it a -6.18%, and is -1.22% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.16% over the week and 2.40% over the month.
NiSource Inc. (NI) has around 8363 employees, a market worth around $8.50B and $4.87B in sales. Fwd P/E is 16.19. Profit margin for the company is -6.10%. Distance from 52-week low is 16.41% and -25.25% from its 52-week high. The company has generated returns on investments over the last 12 months (5.20%).
NiSource Inc. (NI) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for NiSource Inc. (NI) is a “Buy”. 13 analysts offering their recommendations for the stock have an average rating of 1.80, where 2 rate it as a Hold and 0 think it is a “Overweight”. 11 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.
NiSource Inc. is expected to release its quarterly report on 05/05/2021 and quarterly earnings per share for the current quarter are estimated at $0.34 with sales reaching $1.54B over the same period.The EPS is expected to grow by 574.10% this year, but quarterly earnings will post -0.70% year-over-year. Quarterly sales are estimated to grow 13.50% in year-over-year returns.
NiSource Inc. (NI) Top Institutional Holders
682 institutions hold shares in NiSource Inc. (NI), with 1.38M shares held by insiders accounting for 0.36% while institutional investors hold 97.72% of the company’s shares. The shares outstanding are 383.80M, and float is at 381.83M with Short Float at 1.02%. Institutions hold 97.37% of the Float.
The top institutional shareholder in the company is Price (T.Rowe) Associates Inc with over 66.24 million shares valued at $1.46 billion. The investor’s holdings represent 17.28% of the NI Shares outstanding. As of Sep 29, 2020, the second largest holder is Vanguard Group, Inc. (The) with 44.01 million shares valued at $968.28 million to account for 11.49% of the shares outstanding. The other top investors are Blackrock Inc. which holds 37.36 million shares representing 9.75% and valued at over $821.85 million, while State Street Corporation holds 5.06% of the shares totaling 19.4 million with a market value of $426.82 million.
NiSource Inc. (NI) Insider Activity
A total of 8 insider transactions have happened at NiSource Inc. (NI) in the last six months, with sales accounting for 4 and purchases happening 4 times. The most recent transaction is an insider sale by Anderson Shawn, the company’s SVP & Chief Strategy & Risk. SEC filings show that Anderson Shawn sold 550 shares of the company’s common stock on Dec 01 at a price of $24.57 per share for a total of $13514.0. Following the sale, the insider now owns 20553.0 shares.
NiSource Inc. disclosed in a document filed with the SEC on Nov 09 that Creekmur Daniel A (SVP & President, Gas Utilities) sold a total of 4,114 shares of the company’s common stock. The trade occurred on Nov 09 and was made at $24.29 per share for $99929.0. Following the transaction, the insider now directly holds 5144.0 shares of the NI stock.
Still, SEC filings show that on Sep 15, Shafer Charles Edward II (SVP & Chief Safety Officer) disposed off 1,650 shares at an average price of $22.50 for $37117.0. The insider now directly holds 14,985 shares of NiSource Inc. (NI).
NiSource Inc. (NI): Who are the competitors?
The company’s main competitors (and peers) include Duke Energy Corporation (DUK) that is trading -0.90% down over the past 12 months. Genie Energy Ltd. (GNE) is 5.15% up on the 1-year trading charts. Short interest in the company’s stock has risen 26.65% from the last report on Nov 29, 2020 to stand at a total of 3.77 million short shares sold with a short interest ratio of 1.81.